The advantages of membership
Any insurer authorised to insure commercial property in Great Britain is eligible to apply for membership of Pool Re, regardless of their domicile.

Most insurers operating in the UK commercial property market are members. Our scheme offers a range of benefits to its members shown below.

For more information on how to join please use the contact form at the bottom of the page.

Wide cover
Terrorism damage caused by chemical, biological, radiological or nuclear means is included as standard. We also cover acts of terrorism where damage is caused by a remote digital trigger, and latterly the scheme has been widened to include non-damage business interruption, available to those Members who sign up to Class B Membership.
Dovetails back to back with general cover
In most Member policy wordings, because terrorism cover is an exclusion from General Property and Business Interruption policies, our cover sits back-to-back and the language granting terrorism cover is the same as that used to exclude it in the property wording.
Our funding agreement with HM Treasury Terrorism ensures that we do not run out of capacity or are constrained in particular geographical areas. We can accept all eligible risks without financial restriction.
Risk management
Our Members can offer to their policyholders’ vulnerability self-assessment tool (VSAT). Participation in either the Government’s “Crowded Places” Programme or the VSAT may allow Policyholders to qualify for premium discounts.
Insurers and availability
Membership of Pool Re is open to any authorised insurer. Our Membership includes a range of insurance companies, Lloyd’s syndicates and captives who together constitute the vast majority of property insurers in the UK market. Cover can therefore be accessed UK wide from the local market.
Risk-reflective SME proposition
In 2018 we introduced a different rating approach for SME risks to better match the way those products are underwritten. The result is significantly more competitive cover for SME policyholders.
Threat analysis and assessment
Our research and analysis team monitor and analyse the contemporary and future threat landscape. Regular reports and thought leadership are provided to Members and other key stakeholders. This research feeds into our actuarial and modelling activities which facilitates the Market to quantify terrorism risk.
First class security
Since inception, we have built an investment fund of over £6bn, which when added to the £2.3bn external retrocession placement, means we can pay exceptionally large claims before calling on HM Treasury. This HM Treasury relationship ensures Pool Re’s solvency, and thus our on-going ability to pay claims.
Guaranteed acceptance
If the general cover is acceptable to the insurer, terrorism cover automatically follows. Cover cannot, for example, be refused or limited for inner city locations and terms will not change suddenly mid-year or for acquisitions in new areas.

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